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Revealing the Secrets of the Temple: The Value of Publishing Central Bank Interest Rate Projections

Glenn D. Rudebusch and John C. Williams

in Asset Prices and Monetary Policy

Published in print:
2008
Published Online:
February 2013
ISBN:
9780226092119
eISBN:
9780226092126
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226092126.003.0007
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter examines the unresolved debate among central bankers and researchers about the value of the direct signaling of policy intentions. The chapter is organized as follows. Section 6.2 ... More


Asset Prices and Monetary Policy

John Y. Campbell (ed.)

Published in print:
2008
Published Online:
February 2013
ISBN:
9780226092119
eISBN:
9780226092126
Item type:
book
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226092126.001.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these ... More


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